News and Updates

Malaysian automaker Proton Holdings launched its first electric vehicle model on Monday, marking the first locally-made EV in the country's growing auto market.

According to the announcement, the e.MAS 7 model is priced from 109,800 ringgit ($24,700) to 123,800 ringgit. That pricing challenges existing EV players like China's BYD, Tesla and BMW. Actual sales are due to begin early next year.

*This excerpt is from a news item collated by SIPET as part of its mission to serve as a one-stop platform for information and knowledge exchange about the energy transition in Southeast Asia. For the full news item, click on the link next to 'Further Information' . 

**Photo credit: Nikkei Asia

Malaysia aims to translate green and renewable energy into a collective ASEAN commitment as it assumes the ASEAN Chair on Jan 1, 2025, said Deputy Prime Minister Datuk Seri Fadillah Yusof, who is also the Minister of Energy Transition and Water Transformation.

He said Malaysia aspires to elevate its influence within ASEAN and globally, aligning its efforts with international frameworks such as the United Nations Sustainable Development Goals and the ASEAN agenda for 2025.

“We aim to translate green and renewable energy into a collective ASEAN commitment to ensure environmental sustainability,” he told reporters at the I-Nation Global Summit 2024 today.

Additionally, Fadillah said, a central focus during the chairmanship is the development and enhancement of the ASEAN Power Grid, a regional initiative aimed at integrating electricity networks among member countries.

*This excerpt is from a news item collated by SIPET as part of its mission to serve as a one-stop platform for information and knowledge exchange about the energy transition in Southeast Asia. For the full news item, click on the link next to 'Further Information' . 

**Photo credit: Bernamapic

Malaysia and Turkiye have taken a significant step towards enhancing energy supply security and sustainability by exploring cooperation opportunities in the energy sector. The collaboration aims to stimulate economic growth through green investments, according to the Ministry of Energy Transition and Water Transformation.

In a statement, the ministry announced that an exchange of letters of intent took place yesterday, coinciding with the official visit of Turkiye’s President Recep Tayyip Erdoğan to Malaysia.

The partnership will focus on key areas such as electricity market operations, grid system development, expansion of renewable energy sources, exploration of nuclear energy potential, and investment and financing mechanisms within the energy sector.

*This excerpt is from a news item collated by SIPET as part of its mission to serve as a one-stop platform for information and knowledge exchange about the energy transition in Southeast Asia. For the full news item, click on the link next to 'Further Information' . 

**Photo credit: Wikimedia Commons

Singapore – which is exploring 7.35 gigawatts (GW) worth of clean power deals in Southeast Asia to meet its decarbonisation goals – is looking to develop a framework that recognises renewable energy credits (RECs) from these transactions, in a bid to increase the viability of costly cross-border projects for developers.

*This excerpt is from a news item collated by SIPET as part of its mission to serve as a one-stop platform for information and knowledge exchange about the energy transition in Southeast Asia. For the full news item, click on the link next to 'Further Information'. 

**Photo credit: Wikimedia Commons

Singapore and Malaysia are looking to expand cooperation into areas such as electricity trading and renewable energy cooperation.

This is on top of existing infrastructure projects such as the Johor-Singapore Special Economic Zone (JS-SEZ) for business and investment, and the Johor Bahru-Singapore Rapid Transit System (RTS) Link, which is slated to start operations by end-2026.

Speaking to Singapore media on Jan 7 at the end of the 11th Malaysia-Singapore Leaders’ Retreat in Putrajaya, Malaysia, Prime Minister Lawrence Wong said one major project in the works is the import of electricity from Sarawak via undersea cables.

Besides the JS-SEZ agreement, six memorandums of understanding and a letter of intent were exchanged on Jan 7 at the Leaders’ Retreat, where PM Wong was hosted by Malaysian Prime Minister Anwar Ibrahim. Areas covered included carbon storage and capture and carbon credits cooperation.

*This excerpt is from a news item collated by SIPET as part of its mission to serve as a one-stop platform for information and knowledge exchange about the energy transition in Southeast Asia. For the full news item, click on the link next to 'Further Information' . 

**Photo credit: The Straits Times